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8328 Trickham Bend Fort Worth, TX 76131

5 Beds 3 Baths 2,843 sqft Built 2016

$325,000

List Price

$2,320

$2.1K - $2.6K

Rent Est.

PROPERTY INFO

October 30, 2020 RECENTLY ADDED
FACTS
  • Built In 2016
  • Price/Sqft : $114.32
  • 5 Days on Market
  • MLS # : 14460875
  • Updated Date : 10/31/2020 at 16:51
CONSTRUCTION
  • Beds : 5
  • Floor Size : 2,843 sqft
  • Baths : 3 full
Listing Agent

Dfw Living

Listing Agent's Description

5-BEDROOMS plus a STUDY, 3-FULL BATHS, 3-CAR GARAGE*COMMUNITY POOL & PLAYGROUND! Well built by Highland Homes in 2016 & well cared for since, this spacious 2-story floorplan places the Primary Bedroom w en suite bath plus one of four additional bedrooms downstairs. The Kitchen with granite counters, stainless & black appliances, gas cooking & island breakfast bar is open to the living & dining areas. Across gorgeous wood floors, the space accommodates larger gatherings while maintaining the cozy feel of being at home. Upstairs, three above average sized bedrooms with walk-in closets share a full bath and a gameroom. The east facing backyard offers covered outdoor living and is just one of many bonus features!

SEE MORE

MARKET HIGHLIGHTS

  • . Dallas has 7th largest concentration of high-tech jobs in the U.S. (Dallas Chamber)
  • # 1 in the country for job growth in 2017 (2.6% growth, 91,700 new jobs) (US Census, Forbes, 2017)
  • Dallas metro's economy is worth $579 billion in Gross Metro Product and projected to grow to $613 billion in 2019 (USMayors.org, 2018)
  • Home to 20 Fortune 500 headquarters, 39 Fortune 1000 headquarters and 12 of Forbes' top private companies (Fortune)
  • Dallas metro contributes to 31.9%% of Texas state economy i.e. Gross State Product (USMayors.org, 2018)
  • Dallas metro has 67.1% labor force participation rate higher than the national rate 62.8% (USMayors.org, 2018)

PRICE & RENT TRENDS

Neighborhood: The Bar Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019120k140k160k180k200k220k240k260kPrice in $104k265k

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

Neighborhood: The Bar Ranch

NeighborhoodNIR Market*CityMarket2010Year20002019 Q210001100120013001400150016001700Rent in $9191760

* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR

SCHOOLS

NAME EDUCATIONAL LEVEL SCHOOL TYPE # OF STUDENTS # OF TEACHERS GREATSCHOOLS RATING
Comanche Springs Elementary School Primary Regular 586 34 5
Prairie Vista Middle School Middle Regular 866 53 5
Saginaw High School High Regular 1,785 113 6

Comanche Springs Elementary School

  • Education Level: Primary
  • # of students: 586
  • # of teachers: 34
5
GreatSchools Rating

Prairie Vista Middle School

  • Education Level: Middle
  • # of students: 866
  • # of teachers: 53
5
GreatSchools Rating

Saginaw High School

  • Education Level: High
  • # of students: 1,785
  • # of teachers: 113
6
GreatSchools Rating
 

$292,500$357,500$325,000

PURCHASE PRICE

$2,088$2,552$2,320

RENT

DOWN PAYMENT
FINANCING

FINANCIALS

PROJECTED BASIC MONTHLY INCOME STATEMENT

INCOME Rent $2,320
EXPENSES Loan Payment -$1,199
Property Tax -$745
Property Insurance -$191
HOA -$37
Property Management Fees -$99
CASH FLOW
$49

This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 14% of earned rent to cover both maintenance and periods of vacancy.

$325,000

PROJECTED PRICE

$2,320

PROJECTED RENT

0.71%

PROJECTED RENT / PRICE RATIO

ASSUMPTIONS

Expense Inflation 2.50%
Rental Growth Year (1-5) 3.78%
Appreciation Year (1-5) 4.6%
Maintenance Year (1-5) 8.00%
Vacancy 6.39%
Length of Stay Years 2

PROJECTED ACCUMULATED WEALTH

30 YEAR PROJECTION

  • Cash Flow
  • Appreciation
  • Principal
11530$0.0$200k$400k$600k$800k$1.0M

PROJECTED ANNUAL CASH FLOW

11530-$4.0k-$2.0k$0.0$2.0k$4.0k$6.0k$8.0k$10k$12k

PROJECTED PROPERTY VALUE

30 YEAR PROJECTION

  • Appreciation
  • Principal
  • Loan Balance
11530$0.0$100k$200k$300k$400k$500k$600k$700k$800k$900k

TOTAL CASH OUT OF POCKET

TOTAL OUT OFPOCKET$91,875

INVESTMENT

$91,875

Down Payment
$81,250
Rehab Estimate
$5,750
Closing Costs
$4,875

LOAN DETAILS

25%

DOWN PAYMENT

HOMEUNION RECOMMENDS:

A 55% down payment or higher enables the proceeds from the asset to cover all costs.

$1,199

MONTHLY LOAN PAYMENT

30 yr
Term
4.25%
Interest
25.00%
Down Payment
Term 30 Years
Interest 4.25%
Down Payment $81,250
Loan Amount $243,750
See What Happens When You Reinvest Cash Flow

5.08

YEARS SAVED

$20,354

INTEREST SAVED

CASH FLOW REINVESTMENT

The time & interest saved by applying each month's positive cash flow towards loan principal pay down.

  • $2,320

    LIST RENT
  • $0.82

    LIST RENT PER SQFT
  • $2,303

    COMP ESTIMATED VALUE
  • $0.81

    COMP AVG. RENT PER SQFT
Comps Range
$2,100
1$2,1002$2,2953$2,3204$2,4005$2,495
$2,495
RENT COMPS ANALYSIS
  • 8328 Trickham Bend Fort Worth, TX 3
    • 5 beds 3 baths ∙ 2,843 Sqft ∙ Built 2016 5 beds 3 baths ∙ 2,843 Sqft ∙ Built 2016
    • Rent
    • Rent Per SQFT
    •  
    • $2,320
    • $0.82
    •  
  • 717 Catalpa Road Saginaw, TX 1
    • 5 beds 3 baths ∙ 2,727 Sqft ∙ Built 2005 5 beds 3 baths ∙ 2,727 Sqft ∙ Built 2005
    LEASED 03/20/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,100
    • $0.77
    •  
  • 501 Cold Mountain Trail Fort Worth, TX 2
    • 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2017 5 beds 3 baths ∙ 2,900 Sqft ∙ Built 2017
    LEASED 10/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,295
    • $0.79
    •  
  • 205 Black Alder Drive Fort Worth, TX 4
    • 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2018 4 beds 4 baths ∙ 2,798 Sqft ∙ Built 2018
    LEASED 08/04/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,400
    • $0.86
    •  
  • 8029 Black Sumac Drive Fort Worth, TX 5
    • 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 2017 4 beds 4 baths ∙ 3,048 Sqft ∙ Built 2017
    LEASED 09/26/20
    • Rent
    • Rent Per SQFT
    •  
    • $2,495
    • $0.82
    •  
PROPERTY LISTING DETAILS
Amanda Evans
Dfw Living
Wade Shoop
1.866.250.5610
RentVest Property Management LLC
LIC TREC #9005027
North Texas Real Estate Information Services ( NTREIS)
MLS #: 14460875
Last Updated: 10/31/2020
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